| Note that these indices are experimental; the absolute and relative daily values are expected to change in the final version. In this version, index values are based at 1,000.0 on 2006-6-30 | |||||||
| Index | Mean Current Yield (at bid) | Mean YTW | Mean Average Trading Value | Mean Mod Dur (YTW) | Issues | Day’s Perf. | Index Value |
| Ratchet | 5.34% | 5.43% | 35,578 | 15.00 | 2 | +0.8195% | 962.7 |
| Fixed-Floater | 5.60% | 5.54% | 140,345 | 14.94 | 7 | -0.2495% | 896.4 |
| Floater | 4.81% | 2.57% | 85,715 | 5.94 | 3 | -0.4453% | 1,046.2 |
| Op. Retract | 4.80% | 3.85% | 83,051 | 3.20 | 17 | +0.0792% | 1,023.5 |
| Split-Share | 5.03% | 4.57% | 185,233 | 4.04 | 15 | +0.0245% | 1,040.8 |
| Interest Bearing | 6.61% | 6.65% | 84,890 | 3.53 | 4 | -0.2175% | 1,042.8 |
| Perpetual-Premium | 5.36% | 5.00% | 134,434 | 7.35 | 34 | -0.0989% | 1,026.0 |
| Perpetual-Discount | 4.95% | 4.98% | 563,217 | 15.54 | 29 | -0.8799% | 984.6 |
| Major Price Changes | |||
| Issue | Index | Change | Notes |
| ELF.PR.G | PerpetualDiscount | -2.9272% | Also led the charts (downward) on June 1! New low today of 22.55. Now with a pre-tax bid-YTW of 5.34% based on a bid of 22.55 and a limitMaturity. |
| BCE.PR.G | FixFloat | -2.5641% | Exchange/Reset date is 2011-5-1 (exchanges with BCE.PR.H); until then, pays 4.35% of par. New low today of 20.06. Closed at 19.76-34, 5×3; the Hs closed at 22.99-00, 5×10. |
| GWO.PR.I | PerpetualDiscount | -2.3684% | New low today of 22.51. Now with a pre-tax bid-YTW of 5.06% based on a bid of 22.26 and a limitMaturity. |
| RY.PR.F | PerpetualDiscount | -2.1397% | New low today of 22.27. Now with a pre-tax bid-YTW of 5.06% based on a bid of 22.41 and a limitMaturity. |
| SLF.PR.E | PerpetualDiscount | -2.0131% | New low today of 22.40. Now with a pre-tax bid-YTW of 5.03% based on a bid of 22.39 and a limitMaturity. |
| PWF.PR.K | PerpetualDiscount | -1.9262% | New low today of 23.85. Now with a pre-tax bid-YTW of 5.23% (!) based on a bid of 23.93 and a limitMaturity. |
| RY.PR.D | PerpetualDiscount | -1.6415% | Now with a pre-tax bid-YTW of 4.97% based on a bid of 22.77 and a limitMaturity. |
| AL.PR.E | Floater | -1.5742% | Still Under Review – Developing by DBRS. |
| RY.PR.E | PerpetualDiscount | -1.4687% | New low today of 22.81. Now with a pre-tax bid-YTW of 4.96% based on a bid of 22.81 and a limitMaturity. |
| CL.PR.B | PerpetualPremium | -1.4587% | New low today of 25.71. Pays $1.5625 and is currently callable at $26.00 … but GWO is still on hold. Now with a pre-tax bid-YTW of 5.34% based on a bid of 25.67 and a call 2011-1-30 at 25.00. |
| BNS.PR.L | PerpetualDiscount | -1.3191% | New low today of 22.90. Now with a pre-tax bid-YTW of 4.90% based on a bid of 23.19 and a limitMaturity. |
| RY.PR.G | PerpetualDiscount | -1.2987% | New low today of 22.81. Now with a pre-tax bid-YTW of 4.99% based on a bid of 22.80 and a limitMaturity. |
| BAM.PR.M | PerpetualDiscount | -1.2609% | New low today of 22.52. Now with a pre-tax bid-YTW of 5.32% based on a bid of 22.71 and a limitMaturity. |
| BAM.PR.G | FixFloat | -1.2579% | Exchange/Reset date is 2011-10-31 (Exchanges with BAM.PR.E); until then, pays 4.35% of par. Closed at 23.55-85, 18×5; the Es closed at 24.85-05, 13×12. |
| SLF.PR.A | PerpetualDiscount | -1.2245% | Now with a pre-tax bid-YTW of 4.90% based on a bid of 24.20 and a limitMaturity. |
| CM.PR.H | PerpetualDiscount | -1.2092% | New low today of 24.50. Now with a pre-tax bid-YTW of 4.95% based on a bid of 24.51 and a limitMaturity. |
| RY.PR.C | PerpetualDiscount | -1.1345% | New low today of 23.50. Now with a pre-tax bid-YTW of 4.92% based on a bid of 23.53 and a limitMaturity. |
| SLF.PR.D | PerpetualDiscount | -1.0714% | New low today of 22.06. Now with a pre-tax bid-YTW of 5.02% based on a bid of 22.16 and a limitMaturity. |
| BCE.PR.H | FixFloat | +1.0549% | Exchange/Reset Date is 2011-5-1 (Exchanges with BCE.PR.G, which currently pays 4.35% of Par). The Gs did so poorly today they are mentioned above … and the Hs are up. I love the pref market! |
| Volume Highlights | |||
| Issue | Index | Volume | Notes |
| CM.PR.I | PerpetualDiscount | 109,213 | Now with a pre-tax bid-YTW of 4.92% based on a bid of 24.14 and a limitMaturity. |
| MFC.PR.C | PerpetualDiscount | 92,375 | Now with a pre-tax bid-YTW of 4.74% based on a bid of 23.76 and a limitMaturity. |
| GWO.PR.I | PerpetualDiscount | 76,968 | New low today of 22.51. GWO’s capital market plans are still on hold. Now with a pre-tax bid-YTW of 5.06% based on a bid of 22.26 and a limitMaturity. |
| BNS.PR.K | PerpetualDiscount | 56,720 | RBC crossed 50,000 at 24.90. Now with a pre-tax bid-YTW of 4.88% based on a bid of 24.82 and a limitMaturity. |
| PWF.PR.L | PerpetualPremium | 35,300 | Nesbitt crossed 10,000 at 24.95. New low today of 24.89. Now with a pre-tax bid-YTW of 5.13% based on a bid of 25.10 and a limitMaturity. |
There were thirty-two other $25-equivalent index-included issues trading over 10,000 shares today.
[…] Leads the list (downwards) for the third straight day. It seems rather odd … I don’t see any news, rating agency pronouncements or common-stock price-movement that would explain it. New low of 21.51 today. Now with a pre-tax bid-YTW of 5.52% (!) based on a bid of 21.85 and a limitMaturity. […]